Procedures and documentation

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WHY WORK WITH US

Vast experience with Mauritius Regulation

We are stable, solid and well established company

Fair prices

Efficient & fast procedures

Our Practice for Mauritius Security Dealer License:

We offer a full package set-up for a Mauritius brokerage Forex license. We will assist you with every step of the way to ensure your confidence and trust. Our full package offered includes all mandatory requirements needed for a successful registration and renewal as well as for ongoing compliance with Mauritius forex broker license from the Mauritius Financial Services Commission – FSC.

The regulatory authority of Mauritius is the Financial Services Authority of Mauritius – FSC. Licensed Mauritius forex companies are operating under the Securities Act (SA). The Mauritius Securities Act sets the legal and corporate framework for companies to meet the conditions of the license

Main features of Mauritius Forex Securities Dealer License:

The are several types of security licensing in Mauritius

The financial services commission can decide to reduce the services listed at the investment dealer license if there is a concern that the company will not be able to meet its commitment.

Must have a real office in Mauritius.

The forex company must hold a bank account in Mauritius

There must be at least one individuals (resident in Mauritius) that have a professional knowledge, experience and skills to manage a financial company

Must supply a full business plan of the business – clients, suppliers, marketing, HR. We can provide you the ready format for a businessplan and you only need to fill in the personal information and the business activity.The businessplan is required for the license application.

All requirements can be provided by GBO’s assistance

Getting a Forex License in Mauritius

Mauritius meets International Norms and Standards
The Financial Services Commission (FSC) aims to align itself with the practices and policies of countries that meet the highest international standards of regulation and supervision of non-banking financial services. As a member of international organizations the FSC is bound by strict standards and practices thus preserving the stellar reputation of Mauritius in the international financial services sector.
The Mauritius Financial Services Commission has their focus clearly on international policies in order to:
• Ensure that international standards and practices are adhered to in Mauritius.
• Encourage cooperation between local and international regulators for effective supervision and control of financial systems and exchange of information for stability, fairness and efficient markets.
• Reinforce capacity building to enhance financial stability through cooperation, providing support and mutual assistance.
• Eliminate money laundering, tax fraud and the financing of terrorist organizations.

Upholding the Law

Together with the FSC’s aim of preserving and maintaining the good reputation of the Mauritius International Financial Center, the FSC has been empowered by the Financial Services act (FSA) :

Issue a private warning

Issue a public censure

Forbid a licensee of holding a license

Disqualify the officer of a licensee

Issue an administrative penalty

Cancel an existing license

Request information and the records or documents from a licensee

Inspect the business premises of a licensee.

Assign an administrator to oversee a business activity or all business dealings of a person who has had their license suspended, revoked or canceled.

Appeal to the Judge in Chambers or to any Court of Competent jurisdiction for injunctive relief.

Appeal to the Judge in Chambers to freeze an order or attachment order.

Cooperation between Regions

The Mauritius Financial Services Commission is a current member of IOSCO (International Organization for Security Commissions) and participates through AMERC (Africa Middle East Region Committee) and the Committee for Emerging Markets. The FSC is a participant on CISNA (Committee for Insurance, Securities and Non-Bank Financial Authorities) established according to the Finance and Investment Protocol of SADC (Southern African Development Community).

Mauritius is a member of the Financial Stability Board’s Regional Consultative Group for Sub-Saharan Africa:

As a member of the FSB’s Regional Consultative Group for Sub-Saharan African countries Mauritius is represented by FSC Mauritius and other key stakeholders in the financial sector. The FSB Regional Consultative Group is made up of representatives from the financial sector in Angola, Ghana, Namibia, Botswana, Kenya, Nigeria, Tanzania, South Africa and the Central Bank of West African States.

The IOSCO GEM Committee consists of 75% of the IOSCO’s ordinary membership making it the largest IOSCO committee. The aim of the committee is to further the expansion, development and efficiency of emerging securities and futures markets through the establishment of policies and minimum standards; providing technical support for members; training programs; cooperation and collaboration on the exchange of data, technology and expert knowledge.

Why Choose a Mauritius Forex License?

Mauritius is a globally recognized jurisdiction and it only takes about 3-4 weeks to make incorporation official, on the condition that all the required documents are supplied and that the FSC is satisfied by the application and documents. You can acquire a Mauritian Broker License in as little as 5 months if the application and documents are in order and satisfy the requirements of the FSC.

Mauritius holds a number of Double Taxation Agreements and GBC taxation on global profits is limited to 3%.Mauritius has a low minimal capital requirement adding another advantage over European jurisdictions.

The Financial Services Commission (FSC)

The Financial Services Commission (FSC) aims to align itself with the practices and policies of countries that meet the highest international standards of regulation and supervision of non-banking financial services. As a member of international organizations the FSC is bound by strict standards and practices thus preserving the stellar reputation of Mauritius in the international financial services sector.

The Mauritius Financial Services Commission has their focus clearly on international policies in order to:

Ensure that international standards and practices are adhered to in Mauritius.

Encourage cooperation between local and international regulators for effective supervision and control of financial systems and exchange of information for stability, fairness and efficient markets.

Reinforce capacity building to enhance financial stability through cooperation, providing support and mutual assistance.

Upholding the Law

Together with the FSC’s aim of preserving and maintaining the good reputation of the Mauritius International Financial Center, the FSC has been empowered by the Financial Services art (FSA) to inter alia:

Issue a private warning

Issue a public censure

Forbid a licensee of holding a license

Disqualify the officer of a licensee

Issue an administrative penalty

Cancel an existing license

Request information and the records or documents from a licensee

Inspect the business premises of a licensee.

Assign an administrator to oversee a business activity or all business dealings of a person who has had their license suspended, revoked or canceled.

Appeal to the Judge in Chambers or to any Court of Competent jurisdiction for injunctive relief

Appeal to the Judge in Chambers to freeze an order or attachment order.

Cooperation between Regions

The Mauritius Financial Services Commission is a current member of IOSCO (International Organization for Security Commissions) and participates through AMERC (Africa Middle East Region Committee) and the Committee for Emerging Markets. The FSC is a participant on CISNA (Committee for Insurance, Securities and Non-Bank Financial Authorities) established according to the Finance and Investment Protocol of SADC (Southern African Development Community).

Mauritius is a member of the Financial Stability Board’s Regional Consultative Group for Sub-Saharan Africa:

As a member of the FSB’s Regional Consultative Group for Sub-Saharan African countries Mauritius is represented by FSC Mauritius and other key stakeholders in the financial sector. The FSB Regional Consultative Group is made up of representatives from the financial sector in Angola, Ghana, Namibia, Botswana, Kenya, Nigeria, Tanzania, South Africa and the Central Bank of West African States.

The IOSCO GEM Committee consists of 75% of the IOSCO’s ordinary membership making it the largest IOSCO committee. The aim of the committee is to further the expansion, development and efficiency of emerging securities and futures markets through the establishment of policies and minimum standards; providing technical support for members; training programs; cooperation and collaboration on the exchange of data, technology and expert knowledge.

Why Choose a Mauritius Forex License?

Mauritius is a globally recognized jurisdiction and it only takes about 3-4 weeks to make incorporation official, on the condition that all the required documents are supplied and that the FSC is satisfied by the application and documents. You can acquire a Mauritian Broker License in as little as 5 months if the application and documents are in order and satisfy the requirements of the FSC.
Mauritius holds a number of Double Taxation Agreements and GBC taxation on global profits is limited to 3%.Mauritius has a low minimal capital requirement adding another advantage over European jurisdictions.

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